The competition, titled the JD-AR & ARCore by Google Innovative Consumer Application Competition, aims to explore how AR can be used to attract and retain both online and offline customers, and to optimize omnichannel targeted marketing in different retail scenarios, JD.com said in a public statement.
The company will be offering a free year of credit monitoring to any of its customers, but it’s unclear whether that will restore confidence in Target’s security.
The company reported net loss of 327 million yuan ( million) in the first quarter of 2019, compared to net income of 6.7 billion yuan in the same period of last year, while its revenues reached 24.1 billion yuan, up 21 percent year-on-year.
The company, which is based in Huizhou, Guangdong province, said it would increase investment in its research and development center in Hong Kong, make use of local skills and platforms, and recruit foreign employees to enhance its R&D capacity.
The company recently awarded million for “best test script of the year” to a project called 12 Princesses, a family friendly musical; and 0,000 for best script to Origin of a Species, a thriller.
The company provides high-quality services for Chinese businesses entering the African market and for African companies expanding their business globally.
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The company is targeting a valuation of roughly billion, the person said, although the valuation and fundraising target won't be in the initial filing documents. With the first filing in June, the actual listing of Meituan shares is likely around October.
The company said the COMAC fund is undertaking the registration process and more than 10 billion yuan (.4 billion) in funds are set to be in place.
The company will continue to focus on development, implement more stringent cost controls and more prudent investment decisions, strengthen cash flow management, and maintain the company's long-term sustainable development, said Wang Dongjin, chairman of CNOOC Limited.
The company thinks China could become its biggest market. "It will take another six to 10 years to get there, if this market continues as it is now," said Georges Gravanis, president of label and graphic materials at Avery Dennison Corp, a leading labeling and packaging materials company.